• The exchange rate between Bitcoin (BTC) and Ether (ETH) has fallen rapidly in recent weeks. • Financial stability concerns disproportionately benefit Bitcoin, as investors flock to it due to its “digital gold” status. • Ether is also a highly robust, decentralized payment system, but hasn’t been able to keep up with the growth of…
• XRP has increased by 2.5% in the past 24 hours, rising to $0.375464 amid a 5% gain for the cryptocurrency market as a whole. • Whale Alert has reported some very large transfers of XRP in the past few days, suggesting that at least some XRP whales are buying and preparing to hold. •…
• David Duong, Head of Institutional Research at major crypto exchange Coinbase, argued that while bitcoin and ethereum remain the top coins, altcoins still draw interest from institutional investors. • He noted that 55% of flows on Coinbase are directed to BTC and ETH, but the remainder is still on altcoin. • The current market…
• Two of the world’s largest crypto exchanges, Huobi and KuCoin, have reportedly been providing services to customers of sanctioned Russian banks. • The exchanges allegedly failed to take proper measures to block traders using debit cards issued by sanctioned Russian banks. • Binance, ByBit, and Tether Limited are also mentioned in the report as…
• The Federal Reserve Bank of San Francisco is looking to hire a CBDC developer with a salary of up to $215,400 per year. • The selected candidate will be part of a team researching and developing digital currencies. • Qualified applicants must demonstrate experience in programming, distributed systems design, cryptographic protocols, consensus algorithms and…
• Pantera Capital CEO Dan Morehead recently stated that Bitcoin has already entered its next bull market cycle. • He predicted that 2023 would be a year of restoring faith in the crypto market and acknowledged that it had experienced lows during this cycle. • Morehead believes that Bitcoin’s recent decline from its all-time high…
• Bitcoin trading volume has surged to $40 billion in the past 24 hours, setting a new record. • Blockchain.com has announced layoffs due to struggles in the cryptocurrency market. • The bitcoin derivatives market is showing signs of recovery after 2022 downturn. Record Breaking Trading Volume The bitcoin market is currently experiencing a surge…
• The California Department of Motor Vehicles (DMV) is planning to use blockchain technology for record keeping, including the issuance of car ownership and simplifying transfers of such ownership. • The DMV has partnered with Tezos, an open-source blockchain, and blockchain software firm Oxhead Alpha to develop a proof-of-concept blockchain-based vehicle titling solution. • The…
-The International Monetary Fund (IMF) has made recommendations to regulate the cryptosphere and provide a framework for exchanges and investors to work to. -This includes the licensing, registration, and authorization of crypto asset service providers, such as those providing storage, transfer, exchange, settlement, and custody services. -The IMF also recommends additional oversight for entities carrying…
• Justin Sun has announced he is interested in investing up to $1 billion to buy assets of Digital Currency Group, the parent company of embattled cryptocurrency lender Genesis. • Sun did not specify which parts of DCG’s VC assets he plans to acquire. • CoinDesk, Grayscale, Genesis, Coinbase, Kraken, and Circle are some of…